This course examines in depth the characteristics of derivative securities such as futures and options contracts, repurchase agreements, and interest rate swaps. The course examines the markets for derivatives securities including the financial needs that motivate financial engineering, the creation of derivative securities. Particular attention will be paid to speculative and hedging strategies that employ derivatives, to financial futures and to the pricing of various derivative securities. Software proficiency in spreadsheet is required.
Prerequisites -- FINA3100 AND STAT21103 Credits